Invesco New Jersey Municipal Fund Class A (ONJAX)
| Fund Assets | 389.08M |
| Expense Ratio | 1.04% |
| Min. Investment | $1,000 |
| Turnover | 25.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.27% |
| Dividend Growth | 4.34% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 8.92 |
| YTD Return | 1.06% |
| 1-Year Return | 4.18% |
| 5-Year Return | 5.35% |
| 52-Week Low | 8.55 |
| 52-Week High | 9.33 |
| Beta (5Y) | n/a |
| Holdings | 152 |
| Inception Date | Mar 1, 1994 |
About ONJAX
The Invesco New Jersey Municipal Fund Class A is a mutual fund focused on generating tax-exempt income for investors, primarily by investing in investment-grade municipal bonds issued within the state of New Jersey. Its strategy is designed to provide income that is exempt from both federal and New Jersey state personal income taxes, making it particularly relevant for residents seeking to reduce their tax liabilities on investment returns. The fund targets at least 80% of assets in New Jersey municipal securities, including various bonds supporting public infrastructure, transportation, and state development projects. It typically holds over 140 securities, reflecting rigorous credit analysis and sector expertise to manage both risk and yield potential. The fund employs a disciplined, risk-aware process and may use derivatives and leverage—such as inverse floating rate interests—to enhance returns, though these introduce additional volatility and risk. With monthly income distributions and a long-standing track record since 1994, the fund plays a notable role in the municipal bond landscape, serving individuals and institutions seeking stable, tax-efficient income tied closely to New Jersey’s fiscal health.
Performance
ONJAX had a total return of 4.18% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.93%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.0277 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0277 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0266 | Nov 28, 2025 |
| Oct 31, 2025 | $0.0266 | Oct 31, 2025 |
| Sep 30, 2025 | $0.0266 | Sep 30, 2025 |
| Aug 29, 2025 | $0.0244 | Aug 29, 2025 |